Devaluation — Hopefully some tax relief today?

Whilst we have not seen dramatic devaluation of the Tanzanian Shilling in recent years, we have recently witnessed what no one had predicted a year ago. The Shilling today is trading against the US Dollar at between Sh2,050 to Sh2,200 depending on where you look. The former is the rate on the Bank of Tanzania website whilst most of the major banks and bureaus are quoting Sh2,200 to buy US$1.

TheCitizen

Habari Zinazoendana

10 years ago

TheCitizen

17 Jul

Tax relief enables beer producers to sell more Sparing drinks of tax rises positive

“You can see how this number is big and bad enough is that these producers are not entitled to pay any tax” Robert Jarrin, Senior Executive, Sabmiller East Africa

 

10 years ago

IPPmedia

09 Apr

Private schools lobby pushing for tax relief.

IPPmedia
Private schools lobby pushing for tax relief.
IPPmedia
Tanzania Association of Managers and Owners of Non-government Schools and Colleges (Tamongsco) has called upon the government to waive unfavorable taxes and streamline inefficient exemption granting process in order to enable its members to ...

 

9 years ago

TheCitizen

10 Oct

Relief as BoT adjusts time of tax payment through its system

The Bank of Tanzania (BoT) yesterday adjusted the time of tax payment through its system called Tanzania Interbank Settlement System (TISS] .

 

5 years ago

The Citizen Daily

07 Mar

Tanzania in international tax law : Tax incentives for foreign investment—1

Tanzania in international tax law : Tax incentives for foreign investment—1  The Citizen Daily

 

5 years ago

The Citizen Daily

20 Mar

Tanzania in international tax law : Tax incentives for foreign investment—2

Tanzania in international tax law : Tax incentives for foreign investment—2  The Citizen Daily

 

5 years ago

The Citizen Daily

26 Mar

MANAGING TAX RISKS: Impact of virus crisis on tax collections

MANAGING TAX RISKS: Impact of virus crisis on tax collections  The Citizen Daily

 

9 years ago

TheCitizen

08 Oct

MANAGING TAX RISKS : Throwing light on tax planning opportunities for Tanzania firms

In our last article we noted that tax planning is an arrangement of one’s financial affairs in such a way that, without violating in any way the legal provisions, full advantage is taken of all tax exemptions, deductions, concessions, rebates, allowances and other reliefs or benefits permitted under the tax laws so that the burden of taxation on the taxpayer is reduced or minimised.

 

11 years ago

Zitto Kabwe, MB

21 Apr

Parliamentary Inquiry on the extent of tax evasion/avoidance, use of tax havens and illicit financial transfer

Parliamentary Inquiry on the extent of tax evasion/avoidance, use of tax havens and illicit financial transfer has started

During its 10th annual conference, Southern Africa Development Community organization of Public Accounts Committees a resolution was passed that ” PACs or similar committees should encourage their member states to pass legislation to control the use of tax havens by companies and individuals in order to curb illicit money transfer and tax avoidance/evasion“.

The...

 

9 years ago

TheCitizen

05 Nov

MANAGING TAX RISKS : Shedding light on tax planning

In our last article on tax planning we looked at ways of reducing the taxable income when exposed to withholding taxes. In this article we focus on payroll taxes and custom duties.

 

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